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Maryland bonds

Maryland — Int'l Assoc. Of Bridge, Structural & Ornamental Iron Workers Local No. 5 Fringe Benefits Bond

Have an Iron Workers Local 5 employer fringe-security request? Bring the Maryland agreement and full fund wording when you select Purchase Now.

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Recorded state
Maryland
Bond type
Wage & Fringe Benefits Bond
Category
Employment, wages & benefits

What this bond does

The required bond defines the employer contributions secured. It does not guarantee bridge, structural or ornamental ironwork performance.

Who needs it
The employing business responsible for the remittances in the actual Iron Workers Local 5 demand.
Who it protects
Name the complete funds or trustees required by the form. A trade/local reference is not every legal beneficiary or employee insurance benefit.

Your bond option

This is the option on record for this bond.

The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.

Keep the Iron Workers identity with Local 5

Bring the employer agreement and contribution instructions with the security request. Use the full bridge, structural and ornamental iron workers reference required by the demand rather than choosing from the local number alone.

A steel project contract or construction payment bond does not automatically establish the union contribution undertaking. Direct wages also require the bond wording rather than an assumption from the Fringe Benefits title.

Sources

Have these ready

  1. Legal employer and applicable Iron Workers Local 5 agreement.
  2. Current fringe-security demand and required form.
  3. Employer contribution and reporting references.
  4. Full legal beneficiaries, requested sum and period.
  5. Post-issuance execution and fund delivery directions.

Questions about this bond

Can I select by Local 5 alone?

Match the complete Iron Workers request, agreement and legal recipients. A local number alone does not establish the trade or form.

Does this cover structural performance or payroll automatically?

This request concerns the employer fringe undertaking in the form. Structural performance is different, and direct wages require an additional stated promise.

Is this ERISA fidelity protection?

Protection against dishonest handling of plan assets is separate from employer contribution security. The request does not establish a plan's fidelity arrangements.

Where do I begin?

Purchase Now takes you to Propeller in a new tab. Supply the employer and complete fund request. Review any issued document and arrange required execution and submission. Applying is not fund acceptance.

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